Top 10 Tyre Companies in India 2016

Posted in Top Brand Lists, Total Reads: 411

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1. MRF

Topping this list is the Chennai based tyre company Madras Rubber Factory commonly known as MRF.

Image: company website

It was started as a toy balloon manufacturing unit in 1946 by KM Mammen Mappilai at Tiruvottiyur, Madras (Chennai). Later it ventured into manufacturing of tread rubber leading it to become the undisputed leader in the Indian Tyre industry with a strong brand presence and excellent marketing.

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It started to export tyres to international market way back in the 60’s. At present it has presence across 65 different countries and it operates 6 interdependent production facilities.

MRF holds record for the most expensive stock price. In Aug 2015 it crossed the price of Rs 45,000 per share. Even today its current stock price is near Rs 32,000 per share. MRF has manufacturing facilities in Kottayam (Kerala), Medak (Telangana), Arakonam and Perambalur (Tamil Nadu). Apart from this it manufactures toys in Goa and paints and coats at two facilities in Chennai (Tamil Nadu). It has products for Heavy Duty trucks/buses, passenger cars, farm services, military services, fork list and others.

Apart from products it is also moving towards services related to tyres. It operates MRF Tyredrome that provides services like robotic wheel alignment, nitrogen filling and others. It also operates a NGO named MRF Institute of Driver Development that has trained drivers to drive safety. Till now over 2000 LCV and 700 HCV drivers has been trained.

MRF is commonly known for its multiple endorsements in Cricket. It has been the bat sponsor of famous batsmen including Brian Lara, Steve Waugh and the legendary Sachin Tendulkar. Currently it sponsors Virat Kohli, Shikhar Dhawan. It was the Global sponsor for ICC Cricket World Cup 2015. Apart from cricket, MRF is involved in Formula One and other motorsport events such as racing, karting, rallying. It also manufactures toys under the Funskool brand name with collaboration from Hasbro.

Market Capitalization: Rs 13554 Cr

Net Sales: Rs.13, 197 Cr

Production: 1640 MT/day

Net Profit: Rs 898 Cr

Ranking Methodology:

The major tyre manufacturing companies in India have been ranked according to their market capitalization.